October's First-Time Homebuyer Report for 20896 Zip Code

20896 is a zip code that is shrinking slightly slower than others in Maryland at a 10-year growth rate of -91.8%. It also has a small population of 54 people. The 20896 zip code is made up of homes that are older than most with a median of 53 years. The top school in the zip code is Garrett Park Elementary School.

Price Range

Homes in the 20896 zip code are generally more expensive than others in the state with a median home value of $567,400 and an average list price of $913,385. The 20896 zip code market slowed with a 50.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (0.7) with one home sold.

Curious as to which homes have been getting the most attention in the 20896 zip code? These listings have stirred up interest and produced the most views:

Typical Dwelling

A four-bedroom detached home valued around $789,300 is considered a typical dwelling in the 20896 zip code. If a buyer was looking for a similar home, they would need good credit and a $157,860 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,352 and the property tax rate is $12.02 per $1,000 of taxable assessed value.

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